Jairam Sridharan holds a Bachelor of Technology degree in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Kolkata where he was awarded a Roll of Honour for academic excellence.
Jairam Sridharan, CFO of Axis Bank in an interview to CNBC-TV18 said, “There is no truth to the rumours of resignation of top personnel”.
In conversation with Malini Bhupta of Moneycontrol, the bank‘s Chief Financial Officer, Jairam Sridharan, believes that stressed assets could have peaked in FY17. Edited excerpts:
Speaking to CNBC-TV18 Anshula Kant, Deputy MD & CFO of SBI said that deposit growth has been strong for the bank. Sudhin Choksey, MD of Gruh Finance, said that demand side incentives are a significant relief to families in the segment. Jairam Sridharan, CFO, Axis Bank said the government schemes are good.
Over the last six quarters, not much improvement was seen on the operating side, said Jairam Sridharan, CFO of Axis adding that there now is more uncertainty over eventual numbers of slippages.
Speaking to CNBC-TV18 after Axis Bank reported its first quarter results, CFO Jairam Sridharan said this quarter panned out fairly in line with his earlier guidance that 60 percent of the roughly Rs 22,000-crore watchlist could slip into non-performing assets.
In a freewheeling discussion with CNBC-TV18, Aditya Narain, Managing Director at Citi; Jairam Sridharan, Chief Financial Officer, Axis Bank and KVS Manian, President-Corporate, Institutional and Investment Banking, Kotak Mahindra Bank say they‘re bullish on the banking sector and share their views on the issue non-performing loans.
The card named 'Secure+' can be switched off by using a mobile phone application or Internet banking gateway or through the phone-banking application. Besides, customers can also put limits on transactions.
India's third largest private sector lender Axis Bank on Tuesday launched a home loan product christened as "Empower Home Loan" for self-employed individuals. It offers floating rate of interest to resident Indians. It offers 11% rate of interest.